| Slovenia Property Investment
When
investing in overseas property a number of factors need to be
considered which
include - the countries stability, future economic growth
prospects and housing
values at the present time
Slovenia
Investment property has become popular with overseas property
investors and its
potential was featured on “
A Place
in the Sun", the popular
UK
property program. The program named
Slovenia
in their top 20 Places to
Make Money
in property in the world and forecast growth of nearly 300% in the
next 10 years.
Slovenia
investment property
has a lot to offer and reasons for buying property and the driving forces
behind increasing values are outlined below.
1. The Slovenian Economy
One of the newest members of the European Union (joining in 2004) and now has
the best performing economy of any of the new member states.
Government economic policy have seen Slovenia achieve and sustain robust
growth, with small external imbalances and public debt, while at the same time
lowering inflation and interest rates to established euro area levels.
EU entry has
increased trade and spurred growth, as overseas investment has increased
dramatically.
This has been
reflected in per capita incomes reaching about 80 percent of EU-average in
2006.
With growth
rates running at 5% per annum
Slovenia
’s
economic future is bright.
It is this
economic expansion which is driving house prices up and seeing more investment
in
Slovenia
property from overseas.
2. Geography & Transport
Slovenia
is small, compact country and is around half the size of
Switzerland
.
It is located
to the right of the
Trieste
region of
Italy
,
and also has borders with
Croatia
,
Austria
and
Hungary
.
Whilst a
beautiful country in its own right,
Slovenia
makes a great base to
explore a host of nearby attractions.
For example,
Venice,
Prague and
Budapest are all in close proximity.
Many people
who buy a Slovenia investment property are skiers or wanting to tap into the
fact that not only is Slovenia a great place to ski – but you can Ski in three
countries in one day with one ski pass! (
Italy
,
Austria
and
Slovenia
)
Slovenia
has good transport links and infrastructure which is great news for the economy
and tourism. With the arrival of budget airlines flying direct to
Slovenia
and
offering more frequent and cheaper flights, more people are arriving as
tourists and to buy
Slovenia
investment property.
3. Natural Beauty
Slovenia
is a beautiful country and although small in size, it’s big in term of
attractions.
The country
features stunning mountains, beautiful lakes, dense alpine forests, stunning
valleys, dotted with vineyards and a beautiful stretch of Mediterranean
coastline.
There are also
bustling cosmopolitan towns and vibrant cities such as the capital
Ljubljana.
The city has
been compared to
Prague
in appearance and features beautiful baroque architecture, soaring church
spires and a lively cosmopolitan atmosphere and is a firm favorite with
investment property buyers.
4. Growth
of Tourism
Tourism is rapidly becoming one of the most
important industries in
Slovenia
,
as the government actively promotes the industry and arrival of budget airlines
makes a visit to
Slovenia
more affordable than ever.
5.
Shortage of Housing
The capital has become a firm favorite for property
investment and investors are taking advantage of growth rates of 30 – 40% per
annum in some areas.
The city reflects the economic growth of the
country and land development is lagging behind demand. This is due to stringent
and strict local planning laws, which are restricting the flow of quality
housing.
Primorska on the Adriatic coast and the mountain
district of Gorenjska are the next most expensive places to buy in
Slovenia
.
6. Its
affordable
Property booms tend to last for decades and the
boom in
Slovenia
investment property looks to be no exception.
With prices starting at under £50,000 and a
wide choice of areas that remain relatively undiscovered, there is a wide
choice of property to suit all tastes and budgets.
7.
Capital growth potential
With capital growth forecast to be up to 300% over
the next 10 years, there has never been a better time to buy Slovenian
investment property.
It’s a great country in which to seek long term
capital growth potential with relatively low risk and as we have just seen,
it’s still very affordable.
8. Rental
Income
You can of course also earn solid rental incomes in
the major towns such as
Ljubljana.
Other popular places to buy for income include:
The popular resorts of
Lake
Bled
and
Lake Bohinj,
Slovenia
’s second city of
Maribor, the coastal city
of
Piran and
the ski resorts of the Kranska Gora region.
9. Ease
of Purchase
Buying a bled property is straightforward; the
buying process in
Slovenia
is designed to protect both buyers and sellers and local finance is also available.
All details are held at a central Land registry,
making ownership rights clearly visible.
10. Its
Safe
Slovenia
has friendly, helpful,
courteous people and a very low crime rate.
Slovenia
investment property
offers investors seeking long term capital growth and income a great
risk/reward investment and which is still relatively inexpensive. |